9 Ways Life Will Change In China, According To Government Plans

Last Friday, Chinese officials convened for a once-a-decade summit to set their long-term goals. Their announcements baffled many domestic and Western observers. The state-controlled People’s Daily tried to explain them in plainer language, some of which we’ve translated below:

Chinese stocks soared after the announcement, though many pundits are skeptical of the reform’s sincerity. Most read it as an economic reform with a few possible humanitarian garnishes. Some top economists question its economic viability as well.